Chinese telecom equipment major ZTE Corporation announced its plans to build a new industrial park in the Brazilian city of HortolÃ¢ndia.
The city mayor Ã‚ngelo Perugini signed the agreement in China in the presence of Brazilian president Dilma Rousseff and Hu Jintao, president of the People’s Republic of China, during the signing of bilateral agreements between the two countries.
This unit will be responsible for servicing the whole of South America and it will consolidate Brazil as the operational center of the region. The industrial park, which includes a research and development center, production plant, training center and a logistics center, will also be ZTE’s first R&D center in Latin America,” said Yuan Lie, president of ZTE Brazil.
ZTE purchased the land in Brazil to be used for the project.The construction of the industrial park in HortolÃ¢ndia will enable ZTE to offer its technological expertise.
ZTE is a practical example of how the integration among Chinese and Brazilian people might be rich and successful. ZTE’s Brazilian operation started in 2001 and since then it has reported annual average growth of more than 100% for the past three years,” said Eliandro Ãvila, CEO of ZTE Brazil. The major contribution of ZTE to the Brazilian market has been innovation, bringing in high-value products to operators, and to customers.”
Recently, ZTE announced that it is targeting $1 billion in sales from Brazil in 2011. ZTE will take advantage of growing global demand for next-generation high-speed wireless networks and devices such as tablets.